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Interim Results for the Half-Year ended 31 December 2014

24 March 2015
Angelfish Investments Plc
("ANGP" or "the Company")
Interim Results for the Half-Year to 31 December 2014
The board of Angelfish Investments Plc (the "Board") today announces the Company's unaudited results for the
half-year to 31 December 2014 (the "Period"). The Company reports an operating loss for the Period before
dividends payable to preference shareholders of GBP 44,218 (half-year to 31 December 2013: GBP 38,488) and a
retained loss for the Period of GBP 52,394.
Statement by the Board
During the six month period the Company has continued to invest into One Media Enterprises Limited ("OME") in
stages and in accordance with agreed milestones via a subscription for secured convertible loan notes in OME.
OME is a UK incorporated holding company for a group of U.S. incorporated companies engaged in the sourcing,
development, marketing and distribution of computing tablets and other mobile devices. As stated in the
Strategic Report for the year ended 30 June 2014 the progress achieved by OME has been significantly slower than
originally forecast partly a result of working with large multi layered companies and partly due to the limited
resources available to OME. Nonetheless we still believe that OME has value and will achieve and meet its
original business plan to success.
The directors of Angelfish Investments plc will continue to appraise the merits and added value of providing
further funding into OME by way of the convertible loan notes. However, in order that the Company's future is
not solely reliant on OME, at the same time we are also exploring and appraising other investment opportunities
which are complementary to OME and in accordance with the Company's stated investment strategy.
Principal activities
The principal activity of the Company is a quoted Investment Vehicle, which is quoted on the ISDX Growth Market
(formerly the PLUS-quoted market).
No interim dividend is to be paid in relation to the Period. No interim dividend was paid in relation to the
six months to 31 December 2013.
The Board intends to utilise the Company's ISDX Growth Market quotation to continue with its investment program,
with a view to increasing shareholder value.
On behalf of the Board
Andrew Flitcroft
Finance Director
Angelfish Investments Plc
23 March 2015
INTERIM INCOME STATEMENT (UNAUDITED)
For the six months ended 31 December 2014
Angelfish Investments plc
---------------------------------
6 mths to 6 mths to
31 Dec 31 Dec
2014 2013
GBP GBP
Turnover 12,000 12,000
------------- ------------
Operating Expenses 0 0
Administrative Expenses (56,218) (50,488)
Other Operating Income 0 0
Operating Loss on Ordinary ------------ ------------
Activities Before Taxation (44,218) (38,488)
Interest Receivable/(Payable)
and Similar Charges (8,176) 0
------------ ------------
Loss on Ordinary Activities Before Taxation (52,394) (38,488)
Tax on Loss on Ordinary Activities - -
------------- -------------
Retained Loss for Period (52,394) (38,488)
============= =============
STATEMENTS OF FINANCIAL POSITION (UNAUDITED)
As at 31 December 2014
Angelfish Investments plc
------------------------------------
As at As at
31 Dec 31 Dec
2014 2013
GBP GBP
Assets
Non-current assets
Property, plant and equipment 0 0
Goodwill 0 0
Other intangibles 0 0
Investments 237,681 162,379
-------- -----------
237,681 162,379
-------- -----------
Current assets
Trade and other receivables 88,381 194,928
Cash and cash equivalents 107,920 24,490
-------- -----------
196,301 219,419
-------- ------------
Total assets 433,982 381,798
======== ============
Equity and liabilities
Equity
Issued share capital 71,008 488,458
Share premium 0 3,550,543
Retained earnings 210,038 (3,673,075)
-------- -----------
281,046 365,926
-------- -----------
Non current liabilities
Loans and borrowings 126,655 0
Current liabilities
Trade and other payables 26,281 16,070
-------- -----------
Total liabilities 152,936 16,070
-------- -----------
Total equity and liabilities 433,982 381,996
======== ===========
NOTES:
1. The above financial information was approved by the Board on 23 March 2015.
2. The above financial information is unaudited and does not constitute statutory accounts within the meaning of
Section 434 of the Companies Act 2006.
3. There have not been any changes in accounting policies which affect the validity of the comparison of the
financial information presented for the six months to 31 December 2014 versus the comparative financial
information presented for the six months to 31 December 2013.
4. The information in this announcement has not been reviewed by the Company's auditor.
THE DIRECTORS OF THE COMPANY ACCEPT RESPONSIBILITY FOR THE CONTENTS OF THIS ANNOUNCEMENT.
--ENDS--
Enquires:
Angelfish Investments Plc
Andrew Flitcroft +44 (0)7769 591096
Finance Director
ISDX Corporate Adviser
Cairn Financial Advisers LLP
Avi Robinson/Liam Murray +44 (0)207 148 7900
Broker
SVS Securities Plc
Kulvir Virk +44 (0)203 700 0100
About Angelfish Investments Plc
The Company's ordinary shares are admitted to trading on the ISDX Growth Market in London. The Company has the
ISDX trading symbol ANGP for its ordinary shares and the ISDX trading symbol ANGS for its preferences shares.